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January 21, 2009

Statistics
KSE 100 Index
Previous Index
5,280.75
Current Index
5,258.28
Change %
(0.43)%
YTD (CY09)
(10.30)%
YTD (FY09)
(57.20)%

International Indicates
 
Close
Percentage
BSE-30
9,100.55
(2.45)%
HANGSENG
12,959.77
(2.85)%
NIKKEI 255
8,065.79
(2.31)%
FTSE
4,091.40
(0.42)%
DJI
7,949.09
(4.01)%
SSEC
1,995.27
0.43%
NASDAQ
1,440.86
(5.78)%

S.C.R.A
19-01-2009
1.18
January 09
(69.53)
YTD
(379.46)

Money Market Updates
Tbill Cut-off
 
1 year
14.25%
6 month
14.01%
KIBOR (3 months)
14.81%
KIBOR (6 months)
15.43%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.25
Rs/UK
118.01
Rs/EURO
105.88
Rs/OMAN RIYAL
207.65

commodities
Oil
$41.34/barrel
Oil Change in %
1.22%
Gold
$851.30/ounce
Gold Change in %
(0.46)%

Inflation
CPI Gen. Dec 08 (YOY)
23.34%
CPI Gen. (Jul-Dec 08)
24.43%
NFNE Core INFL Dec 08 (YOY)
18.80%
NFNE Core INFL (Jul-Nov 08)
17.10%

Economic Indicators
US$ Reserves (Billion)
10.00
GDP Growth FY09E
4.2%
Per Capita Income
$1,085
Population
165.17mn
Trade Deficit (Jul-Nov 08)
$(8.74)bn
Curr. A/C (Jul-Nov 08)
$(6.85)bn
Remittances (Jul-Nov 08)
$2.97bn
Foreign Investment (Jul-Nov 08)
$1.44bn
All Scheduled Banks Deposit Base (Jan 10, 08)
Rs.3,811bn

Daily Returns and NAVs
as of Jan 20, 2009
 
Offer
Redemption
POBOP
47.1978/-
46.7258/-
Daily Return
14.03%
POASF
51.90/-
50.60/-
Daily Return
(43.23)%
POAIF
51.25/-
49.97/-
Daily Return
80.53%
POAIIF
52.6344/-
52.1081/-
Daily Return
12.49%
POAF
9.4029/-
Daily Return
15.90%
* Daily Returns are calculated as per MUFAP guidelines

Inflation
AMC Ratings
AM3+
POBOPAPF
Fund Stablility Rating
A(f)
POAF Fund Rating
AA-

Economy

Government aims to rope in $10bn FDI
Pakistan plans to raise a record $10 billion investment from overseas this year as companies from Middle East are willing to build power plants and pour money into oil exploration sector helping an economy hurt by poor security revive more... (FD)

Proposal under study to float TFCs to generate Rs 75 billion
The government is examining a proposal to float term finance certificates (TFCs) at 5-6 percent profit to generate Rs 75 billion to help retire circular debt by June this year. Sources told Business Recorder on Tuesday that the government would float the TFCs with the help of banks to resolve the issue of circular debt that was creating serious energy shortfall in the country more... (BR)

World Bank blocks assistance on low Pakistan's ratings
The World Bank has blocked lending for two key loans, of at least $834 million, market-based loans due to the country's low credit ratings, an official said. "This project will be placed on hold until further notice", says a WB document about the national expressway project more... (BR)

Obama seeks ‘new way forward' with Muslim world
“To the Muslim world, we seek a new way forward, based on mutual interest and mutual respect,” said Barack Husain Obama after he took oath as America’s 44th president more... (D)

Zardari, Gilani felicitate new US president
President Asif Zardari and Prime Minister Yousuf Raza Gilani felicitated Barack H. Obama after he was sworn in as the 44th president of the United States on Tuesday more... (D)

sector Briefing

FFBL posts higher than expected earnings
Fauji Fertiliser Bin Qasim (FFBL) unveiled financial figures for the year ended Dec 31, taking investors by surprise through a substantial higher-than-expected earnings and payout more... (D)

Steps taken for smooth supply of urea fertilisers
On the direction of Punjab CM Shahbaz Sharif, special steps have been taken on Tuesday for smooth supply of urea fertiliser to the farmers on subsidised rates in the district. DCO Saeed Wahla stated this while chairing a meeting held to devise the strategy of urea supply to sthe growers more... (BR)

Tehran says IPI gas rate cut news not true
The Iranian oil minister's representative in the Peace Pipeline talks has rejected the claim of a Pakistani daily that Iran has reduced the IPI gas transfer price to 78 per cent of the crude oil price. IRNA quoted Hojatollah Ghanimifard as saying that the two countries had no negotiations after their meeting in Tehran and the published news is not correct more... (FD)

 
(D): Dawn (BR): Business Recorder (FD): The Financial Daily
Research Team:
Shoaib Ali Khan
Department Head

Shayan Hasan
Sernior Analyst
Imran Altaf
Analyst
Faiz Malik
Database
Seprator
Disclaimer:
This news update is being circulated for information purposes only and no action is being solicited based on it. Information and calculations presented in this news update have been generated from sources which we believe to be reliable, however we do not represent that it is accurate, complete and should be relied upon.  Pak Oman Asset Management Company Ltd. does not assume any liability on it. This news update or any part of it should not be reproduced, published or distributed without prior permission